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Arrow Exploration Corp T.AXL


Primary Symbol: V.AXL Alternate Symbol(s):  CSTPF

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from Colombia's active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. Its assets include Tapir Block, Santa Isabel (Oso Pardo), Capella Field, Pepper, and Fir. The Company owns a 50% working interest (WI) in Tapir Block with approximately 65,154 gross acres (32,577 acres net). The Oso Pardo Field is located in the Santa Isabel Block in the MMV Basin. Its 10% interest in the Ombu Block contains the Capella discovery. The Company holds a 100% operated WI in 37 sections of Montney P&NG rights on its Pepper asset in West Central Alberta.


TSXV:AXL - Post by User

Bullboard Posts
Comment by rakethis1on Jan 26, 2012 10:51pm
239 Views
Post# 19455591

RE: RE: RE: RE: RE: RE: RE: Cardium Plays

RE: RE: RE: RE: RE: RE: RE: Cardium Plays

funny you mention that. I bought some Hyperion the same day I bought axl.  I think that axl will have at least as much torque in the stock price as they ramp up production in oil though. Having THE lowest cost drilling/completion costs is something that is very marketable.

Regular Cardium plays are a dime a dozen right now; but how many have 1/2 a billion in tax pools, have a market discount because of the gas tag and have debt leverage that is a little high but going the right way dramatically?

I think the NAV will be going the right way once the gas market bottoms, cash flow growth looks great so once the market feels the company has a handle on their debt this thing could move higher very quickly.  I also like the balance of the types of debt..

 

 

Bullboard Posts